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And yeah, fingerprinting sucks. The sooner we move to watermarking, the better life and proper royalty administration will be.
My royalties are down in all of 2022 and 2023 as compared to every year previously, and I’ve been doing this for many years. My statements were fairly consistent for years and years up until the statement paid on 5/20/22 which was for 4th Quarter 2021. Ever since then, I’ve noticed a sharp drop-off in income, like 40% or so. I decided to do a deep dive in analysis and this is what I found. From 2014 to present, my minutes of usage are up 4X. However, dollars per minute are down, like -6X less per minute, with a significant drop starting 3rd quarter 2020. My hunch is that streaming services are the cause, and we all know that streaming market share has increased. Unfortunately this is starting to look like another effect of the commoditization of music (and media in general). I have to take a serious look at if it’s even worth spending my time writing new library music as compared to pursuing other business ventures. Let me know if anyone has similar results, and I’d be happy to share how I figured this out if anyone is interested.
AuthorLast quarter was good nothing this quarter. Maybe the new company that is taking over BMI will be an improvement. Thought I read where they have millions to pay out…who all gets that I wonder….
https://www.bmi.com/news/entry/new-mountain-capital-announces-majority-growth-investment-in-bmi
As a non-ex sync company we understand that Crucial may mistakenly receive royalties for publisher’s share that you or another publisher should receive. We have always and continue to pay out those funds 100% without taking an admin fee, for both synch placements and audio only streaming performance and mechanical income. It’s actually part of our contract since 2018, when we started collecting our own publishing directly in Europe. Our writers have benefited from the additional mechanical income we collect in Europe on behalf of the writers share; which they would not receive otherwise.